How does trading work?
You start trading by opening an account with a broker and downloading a trading platform like Binance. You then deposit funds, choose the markets you want to trade and you’re off on the ground. Let’s start by discussing what happens when you place an order, or as many of us call it; “executing a trade”.
You’re buying or selling a financial product, often referred to as a security, instrument or asset. You could be trading a currency pair like USD/JPY, a commodity like gold, a stock index like the DOW 30 or perhaps a cryptocurrency like Bitcoin (BTC).
Click “Buy” or “Sell”, depending on whether you think the market will go up or down. You’ll buy if you think the market price is going up, or sell if you think it’s going down.
